Property developer Scarborough Group announced it has expanded its Scottish portfolio with the acquisition of the giant Grade A Younger Building, formerly an RBS office complex at The Gyle in West Edinburgh, from OakNorth Bank.
“Originally built in 1999 for NatWest Group, the six-storey, 89,863 sq ft building is currently vacant and perfectly positioned for transformation,” said Scarborough Group.
“With excellent transport links and strong potential, we’re already working with our appointed design team to reimagine the space as a modern, sustainable workplace that responds to the needs of today’s occupiers.”
Scarborough CEO Simon McCabe said: “The former Younger Building is a fantastic opportunity for us. It’s in a prime location, has excellent connectivity and provides a solid foundation for transformation.
“By drawing on our experience delivering high-quality, landmark projects, we’re confident we’ll meet the growing demand for Grade A office space and set a new benchmark for occupiers in West Edinburgh.”
Benjamin Du Boulay, Senior Director at OakNorth Bank, said: “We’re pleased to have supported Scarborough Group with the acquisition of the former Younger Building.
“Given their impressive track record in delivering high-quality commercial projects, we’re confident this redevelopment will breathe new life into the site and contribute positively to West Edinburgh’s business landscape. We look forward to seeing their vision come to life.”
Scarborough Group added: “This project builds on the work we’ve already done across Scotland, where we’ve delivered over one million sq ft of commercial space – including the redevelopment of 110 St Vincent Street and RWF House in Glasgow, and the refurbishment of 93 George Street here in Edinburgh.
“We also have 1.2 million sq ft of new space in the pipeline at Queensferry One in Rosyth.
“Scotland is an important part of our story and continues to be a key focus for future investment. We’re excited to bring this building back to life and deliver a new standard of Grade A office space for West Edinburgh.”